Conforming 30 Year Fixed

An interest rate of 6.875% (7.211% APR) is for the cost of 2.125 point(s) ($5,312.50) paid at closing. On a $250,000 mortgage, you would make monthly payments of $1,642.33. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.

Conforming 15 Year Fixed

An interest rate of 6.75% (7.293% APR) is for the cost of 2.125 point(s) ($5,312.50) paid at closing. On a $250,000 mortgage, you would make monthly payments of $2,212.28. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%.

FHA 30 Year Fixed

An interest rate of 6.99% (7.915% APR) is for the cost of 2.00 Point(s) ($5,087.50) paid at closing. On a $254,375 mortgage, you would make monthly payments of $1,794.35. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%. Payment includes a one-time upfront mortgage insurance premium at 1.75% of the base loan amount and a monthly mortgage insurance premium (MIP) calculated at 0.5% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of 60.00%, the 0.5% monthly MIP will be paid for the first 11 years of the mortgage term. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan.

VA 30 Year Fixed

An interest rate of 6.875% (7.441% APR) is for a cost of 2.125 Point(s) ($5,426.72) paid at closing. On a $255,375 mortgage, you would make monthly payments of $1,677.64. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 61.29%. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.

Assumptions

• Mortgage rates could change daily.
• Actual payments will vary based on your individual situation and current rates.
• Some products may not be available in all states.
• Some jumbo products may not be available to first time home buyers.
• Lending services may not be available in all areas.
• Some restrictions may apply.
• Based on the purchase/refinance of a primary residence with no cash out at closing.
• Refinancing may cause finance charges to be higher over the life of the loan.
• We assumed (unless otherwise noted) that: closing costs are paid out of pocket; this is your primary residence and is a single family home; debt-to-income ratio is less than 30%; and credit score is over 720, or in the case of certain Jumbo products we assume a credit score over 740; and an escrow account for the payment of taxes and insurance.
• The lock period for your rate is 45 days.
• If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
• Please remember that we don’t have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. Rocket Mortgage offers a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call to talk to one of our mortgage experts.